1. DP World Limassol honours women in the maritime sector
Symbolic gifts were handed out to staff members in celebration of International Women’s Day, with the Company reiterating its commitment to women’s empowerment DP World Limassol, celebrated International Women’s Day, by reiterating its commitment to promote female empowerment in the port and maritime industry. https://cyprusshippingnews.com/2021/03/10/dp-world-limassol-honours-women-in-the-maritime-sector/
2. Cyprus, Israel, Greece sign EuroAsia Interconnector MoU in Nicosia yesterday
The Minister of Energy, Commerce and Industry of the Republic of Cyprus, Ms Natasa Pilides, the Minister of Energy of the State of Israel, Dr Yuval Steinitz, and the Minister of Environment and Energy of the Hellenic Republic, Mr Kostas Skrekas, met today, Monday March 8th 2021, and signed a Memorandum of Understanding (MoU) on cooperation in relation to the EuroAsia Interconnector Project. https://cyprusshippingnews.com/2021/03/09/cyprus-israel-greece-sign-euroasia-interconnector-mou-in-nicosia-yesterday/
3. Container ship operators are betting on China’s factory resurgence
Suggestions about spreading out supply chains are going nowhere in the shipping world, where companies are ordering big vessels targeting China’s hefty exports
While supply-chain experts are stepping up talk about moving manufacturing to new sites, container ship operators are putting down big bets that the world’s factory floor will remain in China. https://cyprusshippingnews.com/2021/03/10/container-ship-operators-are-betting-on-chinas-factory-resurgence/
4. Singapore is the first country to ratify the convention on the International Organisation for Marine Aids to Navigation
On 9 March 2021, Singapore ratified the Convention on the International Organization for Marine Aids to Navigation. It is the first country to do so shortly after it signed the Convention on 1 March 2021.
5. Retailers supply chains buckle under US port congestion
Congestion at US ports has become a mainstream issue not simply confined to shipping people. Retail supply chains, which gets to the items that consumers are buying in stores – or, these days, through online shopping – have been greatly impacted.
6. Could the future of bulk shipping be modular?
The general cargo trades were revolutionised by the container, and Stena Bulk has unveiled a concept design for a modular bulk carrier it believes could do the same for the dry and wet bulk trades.
7. Former Mariner is Latest to Plead Guilty in Coast Guard Test-Fixing Scheme
A former mariner has pleaded guilty to charges related to her role in a scheme to take bribes to fix U.S. Coast Guard mariner credentialing test scores. U.S Attorney for the Eastern District of Louisiana, Duane A. Evans, announcedMonday that Shannon Robinson has pleaded guilty to conspiracy to defraud the United States. https://gcaptain.com/former-mariner-is-latest-to-plead-guilty-in-coast-guard-test-fixing-scheme/
8. Norway Suspends Rolls-Royce’s Sale of Bergen Engines on National Security Grounds
Norway has suspended a planned asset sale by engine maker Rolls-Royce Holdings Plc to a Russian-controlled company as it assesses the security implications for the country’s navy, the justice ministry said on Tuesday. https://gcaptain.com/norway-suspends-rolls-royces-sale-of-bergen-engines-on-national-security-grounds/
9. Baltic Index Hits 5-Month High On Buoyant Capesize, Supramax Rates
The Baltic Exchange’s main sea freight index rose on Tuesday, to its highest since October last year, lifted by higher rates in the capesize and supramax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 48 points, or 2.6%, to 1,901, its highest since Oct. 8, 2020. https://www.shippingtribune.com/news/shipping/Baltic+index+hits+5-month+high+on+buoyant+capesize%2C+supramax+rates
10. Seven Islands Shipping Weighs Entry Into Gas And Container Shipping
Seven Islands Shipping Ltd (SISL) is weighing a potential entry into gas carriers and container ship segments, buoyed by the surge in freight rates.
SISL is India’s second biggest private oil tanker shipping company backed by Indian born Canadian businessman Prem Watsa-led Fairfax. https://www.shippingtribune.com/news/shipping/Seven+Islands+Shipping+weighs+entry+into+gas+and+container+shipping